SEGMENT AND GEOGRAPHIC INFORMATION

6 Months Ended

Dec. 31, 2023

SEGMENT AND GEOGRAPHIC INFORMATION

Segment And Geographic Information

NOTE 8 - Segment and Geographic Information

Segment Performance

We have three reporting segments:

● The ANV lease segment which leases land in Denmark by long term leases.

● The Sharx’s segment which generate commissions for the sale cargo security products.

● The Corporate segment, Advanced Oxygen Technologies, Inc. which does not generate revenues, but has administrative expenses.

The following table summarizes financial information regarding each reportable segment’s results of operations for the periods presented:

	Six Months Ending December 31,
	2023			2022
Revenue by segment
Lease revenues	$	21,134		$	18,358
Commission revenues from security product sales		—			—
Corporate revenues		—			—
Total revenue	$	21,134		$	18,358
Segment profitability
Lease income (loss)	$	16,674		$	13,599
Commission income (loss)from security product sales		4			-
Corporate income (loss)		(16,350	)		(14,600	)
Total segment profitability	$	328		$	(1,001	)

	Three Months Ending December 31,
	2023			2022
Revenue by segment
Lease revenues	$	10,501		$	9,382
Commission revenues from security product sales		—			—
Corporate revenues		—			—
Total revenue	$	10,501		$	9,382
Segment profitability
Lease income	$	8,672		$	7,009
Commission income (loss) from security product sales		38			15
Corporate income (loss)		(5,276	)		(4,775	)
Total segment profitability	$	3,434		$	2,249

The following table presents net sales, based on the location in which the sale originated, and long-lived assets, representing property, plant and equipment, net of related depreciation, by geographic region. All of the assets are land that are held by the Company’s subsidiary, ANV.

Three Months Ending December 31:	2023		2022
Net Sales
United States	$	-	$	-
Denmark		10,501		9,382
Total	$	10,501	$	9,382

As of December 31, 2023 and June 30, 2023	Dec 31, 2023		June 30, 2023
Long-Lived Assets
United States	$	-	$	-
Denmark		599,458		591,705
Total	$	599,458	$	591,705

Six Months Ending December 31:	2023		2022
Net Sales
United States	$	-	$	-
Denmark		21,134		18,358
Total	$	21,134	$	18,358

Three Months Ending December 31, 2023
	ANV		Sharx		Corporate			Total
Net sales	$	10,501	$	—	$	—		$	10,501
Operating income (loss)	$	10,082	$	27	$	(5,274	)	$	4,835
Interest expense	$	363	$	—	$	—		$	363
Total assets	$	708,505	$	—	$	150		$	708,655

Three Months Ending December 31, 2022
	ANV			Sharx			Corporate			Total
Net sales	$	9,382		$	—		$	—		$	9,382
Operating (loss) income	$	9,206		$	—		$	(4,775	)	$	4,431
Interest expense	$	(220	)	$	—		$	—		$	(220	)
Total assets	$	679,199		$	2,413		$	150		$	681,762
Six Months Ending December 31, 2023
	ANV			Sharx			Corporate			Total
Net sales	$	21,134		$	—		$	—		$	21,134
Operating income (loss)	$	20,422		$	(8	)	$	(16,350	)	$	4,064
Interest expense	$	285		$	—		$	—		$	285
Total assets	$	708,505		$	—		$	150		$	708,655
Six Months Ending December 31, 2022
	ANV			Sharx			Corporate			Total
Net sales	$	18,358		$	—		$	—		$	18,358
Operating income (loss)	$	17,920		$	(34	)	$	(14,600	)	$	3,286
Interest expense	$	(485	)	$	—		$	—		$	(485	)
Total assets	$	679,199		$	2,413		$	150		$	681,762